All posts tagged payment processing

Pieter van der Does, co-founder and chief executive officer of Dutch-based payments processor Adyen, has no doubt that the payments business will increasingly bypass banks. In fact, he’s counting on it. Read More »

Poynt, the startup run by former Google and PayPal executive Osama Bedier, said it signed two of the largest payment processors to distribute its new payments terminal to small retailers, restaurants and other businesses.

Chase Paymentech, a unit of J.P. Morgan Chase, and Vantiv, part-owned by Fifth Third Bancorp, set up card-swiping terminals and process card payments at more than 800,000 U.S. merchant locations with about $1 trillion of annual payments.

The two companies are joining as founding partners of Poynt’s payments platform for small merchants, which will also work with new forms of mobile payment such as Apple’s Apple Pay service. Read More »

Venture capital investment in European financial technology companies reached its highest level in more than 10 years in the first quarter of this year. As reported today in Financial News, our sister publication, payment processing companies, financial software and businesses that provide big data systems to banks proved particularly popular. Read More »